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Chimpzee continues its practice of giving following its presale after announcing a huge token burn in March.
Furthermore, the team announced that the Chimpzee NFT Passports and NFT Marketplace will launch following the token burn, providing boosted rewards for NFT holders.
With the token burn and staking mechanism expected to cause a supply shock on the open market, traders are now suspecting this might be the best time to enter $CHMPZ.
Web3’s Most Wholesome Project Continues Building Hype
Chimpzee ($CHMPZ), Web3’s most wholesome project, continues giving after announcing an enormous token burn in March 2024.
Chimpzee is a Web3 project on a mission to show the world that blockchain and crypto can be used beyond greed and speculation by providing charitable funding to organizations helping prevent climate change and animal extinction.
The project has already made a string of notable donations through its presale, which has helped save animals on the brink of extinction and plant thousands of trees.
Some of the donations already made include the following:
- $15,000 to WILD Foundation to help rangers protect the last herd of desert-adapted elephants.
- $20,000 to WILD Foundation to help protect the final few black jaguars in the Brazilian Rainforest.
- Over 21,000 trees were planted through One Tree Planted in the South American Rainforest.
- A donation to Forgotten Animals to neuter 240 cats and 180 dogs in war-torn Ukraine.
- A donation to WeForest to plant 5,000 trees in Tanzania.
The website contains a complete list of donations with social proof to highlight authenticity.
In addition, its ecosystem products provide a passive income to all $CHMPZ holders through shop-to-earn, trade-to-earn, and play-to-earn.
The hype continues to build for the project as it starts to release the highly anticipated components of its ecosystem, finally letting $CHMPZ holders earn a passive income.
Enormous Token Burn Planned for March
Chimpzee has big things coming up in March!
Are you ready for all of these events?
1. BIg Burn Event March 1 – 5 Billion Burned!🔥
2. Announcement of next big exchange.
3. NFT Passports ready for display.
4. Announcement of NFT Passport whitelist event
5. Testing Phase starts… pic.twitter.com/m309ADsI3F— Official Chimpzee Project (@RealChimpzee) February 8, 2024
Traders are feeling a palpable buzz after learning that the Chimpzee team has announced a huge token burn scheduled to take place in March 2024.
The token burn will remove another 5 billion $CHMPZ tokens from the supply, driving the total circulating supply down to 20 billion tokens.
In addition to the token burn, traders expect huge upward price pressure due to the potential supply shock caused by the combination of staking and burning.
The $CHMPZ staking system allows stakers to earn an impressive 40% APY on their holdings, and investors are taking advantage of the gains provided, with over 4.7 billion $CHMPZ tokens staked.
Together, the burning and staking mechanism will reduce the number of $CHMPZ tokens available on the open market, pushing prices higher.
NFT Passports to Follow Token Burn With Marketplace Launch
Furthermore, March is an even more exciting month for the Chimpzee community as they can look forward to releasing the Chimpzee NFT Passports.
The team has announced that they plan to release the NFT Passports alongside the testing phase of its NFT Marketplace following the token burn event.
Once launched, the NFT Passports will provide boosted rewards in the ecosystem, providing the following benefits;
- Higher $CHMPZ rewards and an exclusive discount in the Chimp Shop.
- An increased cut of the trading fees generated on the NFT Marketplace.
- A discount on the NFT Marketplace fees.
- Discounted advertising on the platform.
- Higher rewards in the Zero Tolerance play-to-earn game
- A staking reward for those staking the NFT Passport
- VIP access to events, airdrops, and special promotions in the ecosystem.
Furthermore, NFT holders can also earn a share of the trading fees generated on the NFT marketplace, providing another source of passive income to holders.
Time To Enter? Huge Tier-1 Listings Already Underway
With the ecosystem continuing to take shape, traders are starting to suggest that the perfect time to enter is here.
$CHMPZ has dipped slightly from its presale price, providing the perfect opportunity to enter the lowest possible entry position.
$CHMPZ has already been listed on a few centralized exchanges, including P2B Exchange and Bitmart.
The team has stated that another tier-1 exchange announcement is now scheduled for March, further enhancing the excitement for the month ahead.
Overall, March is expected to be the biggest month for $CHMPZ since its launch. Introducing Chimpzee NFTs, the burning event, and the announcement of tier-1 exchanges will likely push $CHMPZ toward new heights as its ecosystem progresses.
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Source: https://finbold.com/chimpzee-continues-giving-post-presale-with-enormous-march-token-burn-and-incoming-nft-passports-time-to-enter/